SIDEWAYS TO DOWN before NY Lunchtime
Prices have likely entered a deep technical correction as buyers look for profit-taking. An immediate support level can be found at around 96.70 – the 61.8% Fibonacci extension. Breaking this level exposes the next resistance level of $94.30.
Today, price still has more room to fall but I can only see ranging at the moment. Let's see.
Today, price still has more room to fall but I can only see ranging at the moment. Let's see.
Note
There''s that gaping maw above 91.8. Will it be filled this week?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.